CIO NUMBER .' 1196661 TOWCESTER HUB CHURCH (Charitable Incorporated Organisationl TRUSTEES, ANNUAL REPORT RECEIPTS AND PAYMENTS ACCOUNT AND STATEMENT OF ASSETS AND LIABILITES FOR THE YEAR ENDED 31ST AUGUST 2024 Tove Accountancy Ltd Office 6. Town Hall. 86 Watling Street East, Towcèster, Northants NN12 6BS Page 1
TOWCESTER HUB CHURCH CONTENTS Page 3 Legal and Administrative Information Page4to6 Trustees, Report Page 7 Independent Examinerfs Report to the Trustees Page 8 Receipts and Payments Accounts Page 9 Slalemenl of Assets and Liabilitses Pages10-11 Notes Page 2
TOWCESTER HUB CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Reglsterg(I Charlty No. 1196661 Trustses Daniel CTook Oenis Martin Rebecca Martin- Company Secretary Mose5 Munji Paul Worth - Chair of Trustees Prlnclpal Address 4 The Jetty Wappenham Towcester Northants NN12 8SR Independent Examln9r Michael Cooke Tove Accountancy Ltd Office 6, Town H811 86 Watling Street East Towcester Northanls NN12 BS Area of Benefit Northamptonshire Page 3
TOWCESTER HUB CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The Trustees present their Annual Report W71h the financial statements of the Charity for the year ended 31st August 2024. Structure. governance and management Govoman¢e The Charity is a Charitable Incorporated Organisation association. registered by the charity commissioners for England and Wales, regi51ralion number 1196661, registered 191h November 2021 Conswtutlon Charitable Incorporated Organisalion Trustees The Charity Is govemed by the Trustees, board currendy made up of" Daniel CrocA( Denis Martin Rebecca Martin - Company Secretary Moses Munii Paul Worth - Chaif of Trustees Obl&¢ts 11ITO ADVANCE CHRISTIANITY IN NOFITHAMPTONSHIRE AND ELSEWHERE B Y ANY MEANS OR MEDIUII THAT IS OR MAY BECOME AVAILABLE IN ACCORDANCE WTH THE STATfMENT OF WCTRINE SÈT OUT IN THE SCHEDULE 12ITO RELIEVE PEOPLE ARE IN NEED 8E¢AUSE OF" 111 SICKNESS OR POOR HULTH, 1111 YOUTH OR AGE.11111 FINANCIAL HARDSHIP. OR IIVI SOME OTHER DISADVANTAGE BY ANY CHARITABLE MEAP4S AS THE TRUSTEES THINK FIT AND INCLUDING (WHERE APPROPRIATE BUT NOT BY WAY OF LIMITATIONI THE PROVISION OF AOVICE THE PROIAOTION OF GOOD PFIACTICES TO COMBAT SUCH CONDITIONS AND THE PROVISION OF RESOURCES TO ALLCVIATE OR PREVENT SUCH NEED 131TO ADVANCE EDUCATION BOTH GENEFIAL AND VOCATIONAL FOR CHILDREN OR ADULTS. P89e 4
TOWCESTER HUB CHURCH REPORT OF THE TRUSTEES . CONTINUED FOR THE YEAR ENDEO 31ST AUGUST 2024 Structure, Governance and Management The CIO is governed by its constitution and is managed by the Trustees The Charity Is working within the CIO document. The Trustees are generally from the leadership learn with the exception of the chair tsf Iruslees. The board of Iruslees, delegates most of the day.ID-day management lo the senior leader and administrative assistant, on a part time contract The senior leader is employed for two days per week and the adminislrive assistanl for one day per week and btslh receive payrnent on a monthly basis The trustees without ¢onflil ol interest are responsible for salary reviews. None ol the pa1d staff take part in the final decisisons regarding salariès As leader5 of the church new trustees already have some underslanding of the govemance fo the church, but additiot)al induction Is given on an individual basis generally by chair of the trustées. All finanaal operations are now conducted by Towcesler Hub Chufch and we continuè lo operation autonomously. Objectives and Activltles To advance Christianity In Northamptonshire and elsevthere by any means or medium that is or may become available. To relieve, support people in need due to sickness, poor health regardles8 of age from financial hardship. Page 5
TOWCESTER HUB CHURCH REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31ST AUGUST 2024 Achlevements and Perfomiance We are accountable to the Catalyst Sphe ol churches team represented by Mr Richard Wightman. On a local basis, we remain accountable to the senior leaders of New Life Church Milton Keynes and New Life Church Northampton Community, work and overseas We continue contributiong to the mission in Greece lo support and help th¢ rèfugeÉ situation in and around Athens. We have also given one off gifts to disaster lief funds lor Myanmar and towards the Turkish earthquake appeal. We continue lo give help as it arises to local needs. Financial Review We have good ieserves and sufficient funds which allows ijs lo continue building the congregation and established contacts within thè local area. Publlc Beneflt The Trustees take into a¢¢ounl the Charity Commission guidelines regarding public benefit when planning its activiles and support for those across Northamptonshire and elsewhere Reserves Policy The current reseeS Oicy is lo maintain cash flow for known commitments. Risk asse$srnents Risk assessments are in place as needed and will be continuallly upd81ed as necessary. Appropriate insurance cover is in place and trustees. $tsff and volunteers receive appropriate safe9uarding training and DBS checks where required. The Trustees dedare that they have approved the TnJstees' Report above. Signed on behalf of the Chanty's Trustees Denis Ma Trustee Date.. Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TOWCESTER HUB CHURCH FOR THE YEAR ENDED 31ST AUGUST 2024 I report lo the Trustees on my examination of the accounts of the above charity I'lhe Trust'l for the year ended 31 st August 2024. Responsibilities and basis of report As Ihe Ghanly's Trustees, you are responsible for the preparabon ol the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Ad.). I report in respect of my examination of the TNst's accounts carried out under section 145 01 the 2011 Act and in carrying out my examinalion. I have followed all the applicable Direth'ons given by the Charity Commission under section 14515llbl ol the Act Independent examlnerfs statement I have completed my examination. I confirm that no rnaterial matters have come to my attention in connection wth the examination vthich gives me cause to believe Ihal in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts rjid not a¢¢ord with the ac¢ounting records I have no concerns and t)ave come across no other matters in connection wlh the examination lo which attention should be drawn in this report In order to enable a proper understanding of the accounts lo be reached. Dated .l..?.i.. 11.i.Z Michael Cooke Tove Accountancy Ltd. Offic& 6 Town Hall. 86 Watling Street East, Towcèstèr, Northants, NN12 68S Page 7
TOWCESTER HUB CHURCH RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 Unrestncted Restricted Funds Funds Total Total 3110812024 3110812023 Notgs RECEIPTS Donats'ons and legacies Gift Aid Other Bank Interest 19,846 2,381 19,846 2,381 17,102 500 72 383 383 Totsl incoming resources 22.610 22,610 17,674 PAYMENTS Salaries Training Travel Hall Hire Container storage hire and insurance Catering, refreshments Stationery and printing IT, website and database Equipment Kids support Licences. music Materials Services Insurance Donations Made Payroll charges Sundries 15.962 15.982 7,564 553 4.776 553 4,776 475 7,296 155 81 355 1,133 775 435 435 10 395 1,428 80 395 1.428 80 135 437 1,273 204 6,000 188 4,729 4.729 5.100 5,100 788 788 Total resources expendod 34.256 34,256 26,071 Net movement In funds 11,646 11,646 8,397 Total Funds Brought Forward 58,383 58.383 66,780 Total funds carried fop•vard 46,737 46,737 58,383 Thare are no endowment funds during Ihis year or the pnor year Page 8
TOWCESTER HUB CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST AUGUST 2024 Notes 2,024 2,023 Assets Bank Current Account Saving Account Fixed Deposit Account 8.533 10.173 28.031 46,737 30.5S3 27,820 58,383 Nel Assets 46,737 58,383 REPRESENTED BY. General Funds Restricted Funds 46.737 58.383 46,737 68,383 Examinats"on Fee Creditors Other Credrtors 420 300 420 300 Presented and approved by the Trustees and signed on their tsehalf by Dale.. Trustee Page 9
TOWCESTER HU8 CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 1 ACCOUNTING POLICIES The Financial Statements have been prepa In accordance with the Charities Act 2011 Using the Receipts and Payments basis 2 ANALYSIS OF FUNO MOVEMENTS FOR THE YEAR UNRESTRICTED FUNDS may be used by the Church lor any ot its ordinary purposes DESIGNATED FUNDS represent surns set aside, out Df ordinary unreslricled funds, lor specific designated purposes, which can be transferred back into the general fund at any lime. RESTRICTED FUNDS represent either income from trusts or Èndowments which may be expended only on those restricted objects provided in the terms ol the trust or bequest, or donations or grants received or invited for a specific purpose. Thè funds m8y only be spent on the sp6cific purpose for which they were given. Any balance remaining unspent must be cafried forward as a balance on that fund and c2nnol be absorbed Into gener81 funds ENDOWMENT FUNDS are funds whose capital must be maintained only Income arising from the investment of the endowment may be used either as restricted or LJnrestri¢ted funds. depending upon the purptsse for which the endowrnent was established. There are no endowment funds during this year or In the prior year Restricted Funds Opening Balance 01.08.2023 Movement Movernent Transfer In Out between Fun )sing Balance 31.08.24 Page 10
TOWCESTER HUB CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 3 RECEIPTS AND PAYMENTS ANALYSES AND DETAILS Unrestricie Rastncted Total RECEIPTS Donations TOTALS 19,845.79 19,84S.79 0.00 19,845.79 0.00 19,845.79 PAYMENTS NLC Catalyst Hub Bed New Day Other TOTALS 3.400.00 1.200.00 500.00 0.00 5,100.00 3,400.00 1,200 00 500.00 0.00 5,100.00 000 0.00 4 GIFT AID Gift Aid received durin9 the year 18 £2,380.50 S PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTION No payments We made to any ol the other Trustee8 (other than acceptable out of pocket expenses which were clairned lorl Page11